Recently, China's leading power semiconductor company Yangzhou Yangjie Electronic Technology Co., Ltd. (hereinafter referred to as "Yangjie Technology") and Qiqitong held an SRM procurement supply chain collaboration system project launch meeting. Members of the project team from both parties attended the meeting.
At the meeting, the two parties discussed and reached consensus on the goals, business scope and implementation plan of the Yangjie Technology Procurement Supply Chain Management Platform project. Combining the project needs of Yangjie Technology and the product and service advantages of Qiqitong, the two parties have jointly innovated to help Yangjie Technology improve the operation level of the supply chain, promote enterprises to reduce costs and increase efficiency, and achieve higher quality development.
1. Current situation
Yangjie Technology was founded in 2000 and listed on the Shenzhen Stock Exchange in 2014. Since its establishment, Yangjie Technology has been committed to industrial development in the fields of power semiconductor chip and device manufacturing, integrated circuit packaging and testing, and is one of the few vertically integrated industry chains in China that integrates semiconductor discrete device chip design and manufacturing, device packaging and testing, terminal sales and services, etc. An outstanding manufacturer of IDM.
Yangjie Technology has a wide range of product categories. The product line covers discrete device chips, MOSFET, IGBT & power modules, SiC, rectifier devices, protection devices, small signals, etc., providing customers with a package of products, technologies, and service solutions. The products are widely used in automotive electronics . , new energy, 5G, industrial control, power supply, home appliances, lighting, security, network communications, consumer electronics and other fields.
In recent years, with the rapid development of emerging industries such as Industry 4.0, new energy vehicles, photovoltaic energy, rail transit, and smart grids, the market demand for power devices has surged, and the demand for power semiconductors has shown a continuous upward trend. This has also provided Yangjie Technology Semiconductor Chips with a surge in demand. , device manufacturing, integrated circuits and other businesses have brought huge market growth space.
Having been deeply involved in the semiconductor field for more than 20 years, Yangjie Technology has become a very influential company in the industry. Especially since Yangjie Technology was listed, it has continued to expand its business scope and its operating performance has achieved leapfrog growth. Its revenue has increased from 6.48 in 2014 . billion will increase to 5.404 billion in 2022, and net profit will increase from 112 million to 1.06 billion, an increase of nearly 10 times.
Source: Yangjie Technology official website
As a leading company that attaches great importance to informatization and digital construction, Yangjie Technology has built operational management systems such as HCM systems, BIP systems, and SAP systems through the application of advanced information systems, the Internet of Things, and industrial big data technology to promote enterprise digitalization. The process provides support for the company's leapfrog development. With strategic development planning, Yangjie Technology urgently needs to increase its competitiveness in procurement management and supply chain collaboration in order to cope with the rapidly changing market environment.
Therefore, Yangjie Technology chose to join hands with Qiqitong to create an efficient, collaborative, scientific and intelligent one-stop digital procurement supply chain collaboration platform through the integration of resources and competitive advantages of both parties, optimize the procurement process, and achieve cost reduction and efficiency improvement.
2. Demand
After the two parties confirmed the cooperation, in order to provide procurement supply chain solutions that are more suitable for the development needs of Yangjie Technology, meet the needs of various business departments, and connect the procurement business, Qiqitong and the functional departments of Yangjie Technology's business units have carried out a number of On-site research and program design provide an in-depth understanding of the digital construction of Yangjie Technology and the needs of corporate procurement management capabilities.
Through research, sorting, and analysis, the digital construction situation and needs of Yangjie Technology’s procurement supply chain can be summarized as follows:
◆ There is a lack of scientific and efficient supplier management system. It is necessary to build a supplier resource database, centrally manage suppliers through a unified supplier management system and complete hierarchical and classified management, and drive supplier improvement.
◆ Important links such as procurement inquiry and bidding are mainly conducted offline, which is inefficient; a procurement management platform is needed to help with source search, inquiry, and quotation, and the procurement process records complete data to make the procurement business transparent and easy to supervise.
◆ Procurement applications require manual operations, and there is a certain time difference between internal and external information transmission and sharing. A system is needed to help enterprises implement digital procurement, so that enterprises can communicate with suppliers in a timely manner and reduce errors.
◆ In the past, offline decentralized operations resulted in incomplete and non-standard data. Through the construction of the system, we can obtain effective data in a timely manner, assist in the assessment and analysis of suppliers and internal work, and quickly and effectively provide data support and risk warning for business decisions.
Based on the above situation, the two parties have determined the direction of Yangjie Technology's digital procurement reform: building a supply chain collaborative management system for group enterprises to "make procurement flow" and empowering the procurement digital transformation of group organizations and businesses.
Yangjie Technology also expressed its full recognition of Qiqitong's outstanding product technical strength and professional service capabilities in past cooperation at the launch meeting of this in-depth cooperation. A senior executive of Yangjie Technology said: "The reason why Yangjie Technology and Qiqitong initially cooperated is because Qiqitong can meet the current needs of Yangjie's business and the needs and system expansion in the next 5-10 years. We hope that the system will help us optimize after it goes online. The procurement process makes the procurement supply chain more open and transparent, and reduces costs and increases efficiency."
He also emphasized that the digital system is a strong support for the group's strategic decision-making, and this project is also a good learning opportunity. All departments are required to invest in capable personnel, strictly adhere to the planned time and quality requirements, and achieve project acceptance online, which will provide the basis for subsequent higher-level projects. Lay a solid foundation for implementation.
3. Value
This cooperation covers multiple business scenarios. Through a unified procurement supply chain collaboration platform, it provides enterprises with efficient multi-dimensional procurement operation capabilities and realizes the digitization of the entire procurement process including suppliers, sourcing, orders, quality, reconciliation and settlement, and data. :
Break down cross-departmental collaboration barriers and link external suppliers: Once the procurement supply chain collaboration platform is online, it can be integrated with internal systems such as SAP, OA, WMS, MES, PLM, IBP, etc. It can also be interconnected with external suppliers to share information in a timely manner. Full traceability of corporate credit reporting, electronic signatures, electronic invoices, logistics information, etc.
Build a supplier resource database and scientifically manage suppliers: Yangjie Technology purchases production materials and non-production materials, and needs to connect with hundreds or thousands of suppliers. This system supports Yangjie Technology’s supplier registration, access, and cooperation. , risk, performance, daily monitoring to elimination and other full life cycle standardized management to build a high-quality supplier ecosystem.
Improve procurement sourcing efficiency and make procurement business transparent: realize closed-loop management of the entire process from procurement requirements, sourcing, orders to procurement reconciliation, standardize, transparent, and transparent the procurement process, and reduce manual processing and communication costs; at the same time, , the effective integration of resources can assist Yangjie Technology in large-scale procurement, continuously optimize supply chain capabilities, and reduce total costs.
Drive enterprise data operations and efficient decision-making analysis: Based on business closed loop and interconnection, Yangjie Technology can master the dynamic data of the whole process of procurement standardization and sharing, as well as the multi-dimensional data of suppliers and execution assessment. After processing, modeling and analysis, Help enterprise data management more objectively and make enterprise decision-making more scientific.
In this cooperation, Qiqitong will specifically address Yangjie Technology’s current demands for digital, intelligent, and unified procurement management. Yangjie Technology’s solid information construction capabilities will also support the effective interconnection of multiple systems and future business development. Expansion and extension, we look forward to Yangjie Technology gradually realizing its transformation into a smart management enterprise in the construction of the procurement supply chain system.